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Opposition Reacts Harshly to New Squeeze

The initial reactions of Greek opposition parties to the new austerity measures announced by the government after a lengthy meeting of the government commission...

EU Postpones Loan as Greece Runs Out of Money

ATHENS – Greek Prime Minister George Papandreou’s abrupt decision to cancel a planned trip to the United States to attend the United Nations General...

Another EU Task Force Descends on Greece

ATHENS – Already under the thumb of the EU-IMF-European Central Bank Troika which is requiring Greek Prime Minister George Papandreou to keep cutting workers...

Papandreou Pushes On With Austerity, Workers Face the Axe

THESSALONIKI – With Greece only weeks away from bankruptcy without a new instalment of international aid, and scores of thousands of demonstrators on the...

Pension Fund Stops Payments to the Dead

Debt-ridden Greece's biggest pension fund has stopped payments to 1,473 pensioners over the age of 90 after finding out they are no longer alive. The...

Cyprus: Cabinet Adopts Austerity Measures

Minister of Finance Kikis Kazamias said the abolition of the pension fund for civil servants and semi-governmental employees, provided for in the package of...

Finance Minister: Gradual Solidarity Contribution Of 1-5%

Greek Finance Minister Evangelos Venizelos announced on Thursday afternoon that MPs, local councilors, general secretaries of public organizations would be taxed by 5%, stating...